Netflix to Customers: You are right. We are stupid. Now please do business with us.

The Netflix/Flixter/whatever trainwreck just keeps getting worse. All I know is they somehow succeeded in getting me to reduce my monthly subscription from $15 per month to $7 per month. And they made me investigate further the prospect of ditching them entirely and depending on Amazon Prime for all my streaming needs.

Stock down 50% in the last month or two. Customers abandoning in droves. This is what Boards of Directors usually show the founder the door and bring in serious management. Anyone want to start a pool on how long Reed Hastings has left there?


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